NAMA : WAYAN ANISSATUN

NIM : 19803241009
AKUNTANSI KEUANGAN LANJUTAN
E 6-7 Non-depreciable asset downstream sale
Vasquez SA is a 90 percent-owned subsidiary of Fernando SA. The book value of
Vasquez SA was equal to fair value when Fernando SA acquired Vasquez SA. In 2013,
Fernando SA sold land with a book value of $500,000 to Vasquez SA for $600,000.
Vasquez SA’s net income in 2013 and 2014 was $600,000 and $460,000, respectively.
Vasquez SA sold the land to an outside party in 2014.
Required:
1. What is the amount of land that should be reported in the consolidated balance
sheet?
2. How much was income from Vasquez in 2013?
3. How much was income from Vasquez in 2014?
JAWAB:
1. $500.000
2. 90% of Vasques SA’s net income in 2013 (90% x $600.000) $540.000
Unrealized gain from land ($600.000 - $500.000) ($100.000)
Income from Vasques SA in 2013 $440.000

3. 90% of Vasques SA’s net income in 2014 (90% x $460,000) $414.000

Realized gain from land ($600,000 - $500,000) $100.000
Income from Vasques SA in 2014 $514.000